Commissioner of Income Tax Versus Midas Rubber Pvt. Ltd. - Income Tax - KERALA HIGH COURT - HC - Replacement of integral part of machinery - Chamber assesmbly - Capital or revenue expenditure - Held that - Following Commissioner of Income Tax v. Saravana Spinning Mills (P) Ltd 2007 (8) TMI 16 - SUPREME COURT OF INDIA - No new asset has come into existence - Replacement of integral part is a current repair and not a capital expenditure - Decided against Revenue. - 2013 (11) TMI 1372 - KERALA HI................................... Income Tax - Case Laws
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